Bob Iger was seriously examining running for president — but that is over if Disney buys Fox assets

12/07/2017 - 10:45

"There's no doubt about it. He's been thinking about" a presidential run, CNBC's David Faber says.

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Bob Iger, Disney

Disney CEO Bob Iger was considering running for president in 2020, but that's all over if Disney buys Twenty-First Century Fox's assets in a more than $60 billion mega-merger, CNBC's David Faber reports.

CNBC reported Wednesday that Iger will likely remain at Disney to oversee any potential merging of the two companies. Disney would extend Iger's contract if a deal with Fox was finalized, sources told CNBC.

"That would of course also mean Mr. Iger is abandoning his plan to potentially run for public office," Faber said Thursday on "Squawk on the Street," "including what has certainly been some efforts on his part to investigate the idea of running for president."